UK - Delta Two must inject more equity to have a chance with Sainsburys

Delta Two has been told it must be prepared to put in more equity if it wants to have a chance of acquiring Sainsburys, the UK supermarket chain. London-listed Sainsbury is 18% held by the Sainsbury family who are demanding assurances that Delta Two will up the proportion of equity in its proposed ТЃ10.6bn bid. The news comes amid turmoil in the debt markets, with advisers suggesting that the current ТЃ6bn level of debt is too high. Without the support of the family, a deal will struggle to be approved by shareholders.